British Man Recovers Lost Bitcoin Worth £3.3 Million After 12 Years
A British man who lost access to his Bitcoin in 2011 has regained control of the cryptocurrency after a decade, turning him into an overnight millionaire with holdings now valued at around £3.3 million ($4.4 million). He initially purchased Bitcoin worth £1,500 on Intersango, one of the UK's earliest crypto exchanges, which shut down in 2014 without providing clarity to users about their assets. The man had long given up hope after his account was frozen and he feared scams when contacted by former co-founders. However, with help from a law firm specializing in cryptocurrency recovery, access was successfully restored this year. The recovered Bitcoin is now held on an FCA-regulated exchange, though the man remains cautious about security risks. He plans to sell some of his holdings to buy a larger home and fund family vacations.
Tickers: $BTC